NLMK Group opens service center in South Africa

NLMK Group, a global steel company, is pleased to announce the opening of a new service center, NLMK South Africa, which will supply abrasion-resistant (NLMK Quard) and high-strength (NLMK Quend) thick plates produced at the Belgian NLMK Clabecq. NLMK South Africa will also make parts of these steels as per customers’ requirements.

NLMK South Africa is favorably located not far from Johannesburg. Key clients of the service center are going to include mining, machine-building, construction and other companies, not only in South Africa, but also in Namibia, Botswana, Zimbabwe, Mozambique, Angola, Zambia, among others.

Ilya Gushchin, NLMK Group Vice President, Sales, said: “NLMK Group’s geographic footprint close to our clients has expanded to incorporate an entire continent: Africa. This region is considered to be one of the fastest growing and the most prospective markets. Our offering in the African market include high-strength and abrasion-resistant steels, with plans to expand our mix to include construction steel, steel for high-pressure vessels, tool steels, and other products.”

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore windmills

NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.

NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 3M 2018, the Company generated $2.79 billion in revenue and $0.8 billion in EBITDA. As of 31 March 2018, Net debt/EBITDA stood at 0.31х. The Company has investment grade credit ratings from S&P, Moody’s and Fitch.

NLMK’s ordinary shares with a 16% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital please follow the link.

NLMK Group received Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.